[This Week's IPO] Demand Forecast and Subscription Schedule for the Last Week of July

[Asia Economy Reporter Jang Hyowon] In the last week of this month (July), DND Platform REITs, Wanted Lab, Hancom Lifecare, MRO, and Platiere will conduct demand forecasting. KakaoBank and HK Innoen are preparing for general subscription.

◆DND Platform REITs= DND Platform REITs is a multi-sector REIT with underlying assets including Semicolon Mullae (formerly Young City), Baekam FASSTO logistics center, and Japan Amazon Odawara logistics center. After listing, DND Platform REITs plans to expand domestic newly built offices and domestic and overseas logistics assets centered on high-quality assets developed by SK DND.

The public offering price is 5,000 KRW, and the number of shares offered is 35 million shares, aiming to raise 175 billion KRW through this offering. Demand forecasting will be conducted for domestic and foreign institutional investors over three days from the 26th to the 28th, and general investor subscription will be held over three days from August 5th to 9th. The lead underwriters are NH Investment & Securities, Shinhan Financial Investment, and Daishin Securities, with SK Securities and Yuanta Securities participating as underwriters.

◆Wanted Lab= Wanted Lab operates a recruitment matching platform business that recommends suitable talents for job seekers and companies through artificial intelligence (AI). After listing, it plans to strengthen career service content capabilities and acquire edutech companies and HR solution companies.

This offering includes a subscription of a total of 730,000 shares, consisting of 705,168 newly issued shares and 24,832 existing shares. The expected public offering price range is 28,000 to 35,000 KRW, and Wanted Lab expects to raise at least 19.7 billion KRW. Demand forecasting will be conducted on the 26th and 27th, and general subscription will be accepted on August 2nd and 3rd. The lead underwriter is Korea Investment & Securities.

◆Hancom Lifecare= Hancom Lifecare supplies related equipment to firefighting and defense industries and related public institutions. Based on 50 years of accumulated technology, it supplies various safety equipment and products, holding a dominant market share of 96% in the domestic air respirator market.

The total number of shares offered is 8,302,321 shares, with an expected public offering price per share of 10,700 to 13,700 KRW, and the maximum planned offering amount is 113.7 billion KRW. Demand forecasting will be conducted on July 29th and 30th to finalize the public offering price, and general subscription will be held on August 5th and 6th. The KOSPI listing is scheduled for mid-August, and the lead underwriter is Mirae Asset Securities.

◆MRO= MRO is a supply chain management (SCM) software solution company. MRO maintains its market-leading position by supplying over 1,000 purchase SCM solutions to more than 280 companies across various industries including automotive, electronics, steel, chemicals, distribution, medical, and finance.

The total number of shares offered by MRO is 1,016,104 shares, with an expected public offering price band of 20,100 to 22,600 KRW per share, amounting to 20.4 billion KRW based on the lower band. The initial demand forecasting was scheduled for the 15th and 16th but was postponed to the 29th and 30th due to a securities registration amendment. The lead underwriter is Korea Investment & Securities.

◆Platiere= Established in 2005, Platiere provides various platform solutions such as 'e-commerce' and 'digital transformation integration (IDT)'. Over the past five years, the company's sales and operating profit have grown at an average annual rate of 32% and 56%, respectively.

The number of shares offered for listing is 1.8 million shares, with an expected offering price of 8,500 to 10,000 KRW, totaling approximately 15.3 to 18 billion KRW. Demand forecasting will be conducted from the 30th to August 2nd, followed by general subscription on August 4th and 5th. The lead underwriters are KB Securities and Hana Financial Investment.

◆KakaoBank= KakaoBank's public offering price was fixed at the top of the expected range, 39,000 KRW. The total number of applicants domestically and internationally was 1,667, recording a simple competition rate of 1,733 to 1. The total order size was 2,585 trillion KRW, the highest ever.

General investors can apply for subscription over two days from the 26th to the 27th. Of the total shares, 25%, or 16,362,500 shares, are allocated, with half allocated equally and the other half proportionally. Subscriptions can be made through the lead underwriter KB Securities and underwriters Korea Investment & Securities, Hana Financial Investment, and Hyundai Motor Securities. KakaoBank subscriptions do not allow duplicate or double subscriptions using two or more subscription places or multiple accounts.

◆HK Innoen= HK Innoen's total number of shares offered is 10,117,000 shares, with an expected offering price range of 50,000 to 59,000 KRW, totaling approximately 505.8 billion to 596.9 billion KRW. Demand forecasting was conducted over two days on the 22nd and 23rd, and general subscription will be held on the 29th and 30th, with plans to enter the KOSDAQ market in early August. The lead underwriters are Korea Investment & Securities, Samsung Securities, and JP Morgan Securities.